Chrysler launches money-back guarantee
(Reuters)

Reuters - Chrysler Group LLC will offer consumers a 60-day, money-back guarantee on new vehicles and also make the first two months of payments for buyers, as it tries to shore up sales amid lackluster consumer confidence.

After a record 40 million recalls in the first half of this year, automakers are realizing they need safety advocates on their senior management teams. But consumer champion Ralph Nader says the new safety roles aren’t good enough.
Chrysler Group LLC announced Tuesday that it will establish a new office of Vehicle Safety and Regulatory Compliance whose head, Scott Kunselman, will report directly to CEO Sergio Marchionne.

Chrysler Group LLC has adopted a new corporate identity. The company’s global parent Fiat Chrysler Automobiles NV (NYSE: FCAU) has announced that Chrysler Group will now be called FCA US LLC. The name change is being implemented globally by the newly formed alliance between Chrysler and Fiat, who completed their full merger earlier this year.

Four years after it filed for Chapter 11 bankruptcy protection, and was purchased from the depths of bankruptcy court hell by Fiat S.p.A., the circle (jerk) is complete, and thanks to lead underwriter JPM, the second coming of Chrysler, this time for sale to a whole new batch of gullible ROI chasers, is now a fact with the S-1 statement filing moments ago.

Fiat S.p.A (FIATY) CEO Sergio Marchionne, who spearheaded Fiat’s alliance with Chrysler LLC, has disclosed that he will step down in 2018, at the end of the five-year plan for the recently formed Fiat Chrysler Automobiles NV (FCA).

Remember all those soaring German confidence indices that said ignore the negative GDP print and focus on a future so bright, ze Germans've got to wear Zeiss? Appears the confidence may have been a tad massaged upwards because following a spate of weak corporate results out of Europe's growth dynamo, the German HDE retail association said Christmas sales for November and December were down some 0.7% from the prior year.

By John Mylant: Chrysler Group LLC had its best sales this quarter since it came out of bankruptcy in 2009 with its phenomenal North American sales! It is well on its way to make a profit of $1.5 billion in 2012. Fiat's (FIATY.PK) stake in Chrysler is 58.5 percent. The remaining 41.5 percent is owned by the retiree healthcare trust affiliated with the United Auto Workers union, which represents the company's U.S. hourly workers.